CHINA'S fast-growing economy means demand for Master of Business Administration graduates (MBAs) and salaries for MBA-qualified managers are soaring. Jan Borgonjon, senior adviser at Shanghai's China Europe International Business School (Ceibs) - a joint venture between Shanghai Jiaotong University and the European Foundation for Management Development - expected demand would continue to outstrip supply over the next five to 10 years. The mainland has about 1,000 MBA graduates, including those who have returned from overseas. But the boom in foreign investment means considerably more MBA holders will be needed. The imbalance is exacerbated by China's outdated education system. Ceibs president Li Jiahao said more graduates would have been needed if China had previously made MBAs a requirement for managers of state-owned enterprises. He said the State Economic and Trade Commission now required managers of the state sector to be MBA graduates within the next three years. Ceibs plans to increase processing of full-time MBA graduates from 60 to 240 in 1997. It is now processing 45 graduates under a part-time executive programme and 500 under a day-release programme for managers. Mr Borgonjon said Ceibs would have to be financially self-sufficient in 2000, when it would have used its five-year grant from the European Union and the Shanghai government. It is investing US$25 million for a campus in Pudong.